With some of the country's lowest prices for housing, gas and food, no state income tax and one of the most resilient economies in the nation, Galveston and other parts of the Lone Star State are emerging as the new Florida.Real estate values in traditional retirement Mecca's such as Arizona and Florida are dropping quickly and will soon be on par with Texas prices. I am not so sure that Rust Belt/Snow Belt retirees will continue to flock to hurricane magnets like Galveston or Corpus Christi when they can get the same prices in hurricane magnets like Naples or Sarasota that have nicer beaches. But hey, I could be wrong.
Tuesday, November 10, 2009
Texas is the new retirement mecca
Texas is the new retirement mecca, according to the LA Times.
Posted by Lou Minatti at 9:15 PM